Visma acquires nationwide Swedish retail service company

By acquiring EssCom Service AB, Visma Retail now provides nationwide on-site service for Visma’s retail customers in Sweden.

Headquartered in Stockholm, EssCom offers technical service and maintenance throughout the country. Visma Retail and EssCom have until now cooperated as partners. The acquisition strengthens Visma’s service operations as well as the overall offering to the leading retail chains in the Nordics.

”Today it is necessary to have a strong organisation in place throughout the country. Our customers are leading retail chains operating business-critical solutions that require urgent action and on-site service. Visma are experts on Retail. In combination with EssCom’s well-established organisation across the country, who service such as betting terminals for Svenska Spel and ATG, it is safe and secure for our customers to let us manage their entire solutions," says Visma CEO Øystein Moan.

The acquisition was carried out 27 November and the new business area will be named Visma EssCom. This makes Visma an even more complete partner within system integration and increases the focus on hardware delivery. At the same time EssComs organisation provides solid resources and expertise for large project deployments, ongoing maintenance, on-site and engineering services as well as logistics.

Visma Retail consists of companies in Sweden, Norway and Denmark with many of the major retail chains in the Nordics on the customer list. With the acquisition of EssCom, this division of Visma now offers 350 Retail experts to its customers. In 2010 Visma Retail including Esscom will have revenues of about 500 MNOK in the Nordic market.

”The acquisition by Visma ensures long-term growth and enables us to keep strengthening our service offering to both existing and new customers," says Jan-Eric Litsmar, CEO of EssCom Service AB.

EssCom Service was established in 1993, the business concept is to provide customised solutions for maintenance, technical service and installation of equipment within electronics and IT. EssCom Service has the responsibility for servicing a large number of business-critical equipment located all over Sweden as betting terminals, ticketing systems, printers and information technology solutions in vehicles. EssCom is a well established nationwide service organisation that meets the highest standards of quality and performs annually approximately 60 000 service matters of both national and international clients.

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Visma is the leading provider of efficiency increasing solutions in the Nordic Region based on a broad range of software, outsourcing solutions and administrative services. Visma simplifies and digitalize core business processes within private and public sector. The group has more than 3 400 employees and the company reached revenues of approximately EUR 340 million in 2008. The group’s websites are available at visma.no and visma.com

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